Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

QATAR

QNC And QSC Boards Approve Merger

The boards of directors of Qatar Navigation Company (QNC) and Qatar Shipping Company (QSC) have approved a proposed merger, it was announced 30 January. They agreed an exchange ratio of 2.2 QSC shares for each share of QNC. The merger evaluation phase of the proposed merger process has therefore been completed and the next phase for the implementation has now begun, the companies said in a joint...